A 1% net smelter return royalty on production from the Atlanta gold mine, which is currently under development, has been purchased by Atlanta Gold Inc (TSX: ATG). Earlier, in 2003, a 2% royalty was granted to Canadian American Mining Company LLC when the company acquired the remaining 20% participating interest in the property from CAMC.

“The purchase of the royalty is another positive step in the company’s strategy to optimize the economics of the Atlanta gold mine. With the significant progress being made in exploration…we felt it was time to deal with this royalty which covered the entire property plus an area of interest and had been outstanding for over six years,” said Bill Baird, president and CEO of Atlanta.

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